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English 35
Search Results 0 to 34 of about 35 (some duplicates have been removed)
're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching the wrong direction come the first of this year, americans will have less income than they have today. if we go over the cliff, the house of representatives, as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences where they are around the country and we're here trying to get something done. they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. if we go over the cliff, we'll be left with the knowledge that could have been about a single vote. mr. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have c
question this. that negotiations between harry reid and mitch mcconnell suffered a major setback after republicans demanded the inclusion of a new method for calculating benefits for the package. change came from progressives to result in lower payments. part of the current negotiations on the scale down deal, they say that they gave ground on other issues, including raising the tax threshold, as well as -- that was from two hours ago. sheila jackson mentioned the change that she objects to, she and other outside democrats and house progressives in particular. don is on the democrat's line. go ahead with your comments. caller: i am an old disabled veteran. i love this country so much. i cannot understand for the life of me what our government is trying to do with the bickering and tearing each other down, tearing the country down. why in the world can these supposedly intelligent groups of men and women not get together to work out for the best interest of all concerned, all 330 billion americans, what is the best course to take? just take it. none of this squabbling. get together, fol
left for hawaii he had a meeting at the white house with senate majority leader harry reid and seeing both sides dig in on what they want and i think the smaller package, at least before new year's or right around the beginning of the year is probably the best to hope for. right now they're running out of time. lawmakers aren't returning to town, most of them, until tomorrow. the president won't be back until tomorrow and while most rank and file members won't be involved in the day-to-day negotiations of whatever this deal might be, they're going to have to vote for it. you saw right before christmas, speaker john boehner tried to move his own independent plan to raise taxes on income levels over a million dollars and he wasn't able to do that successfully. and i think it was a big sign about the difficulties he'll have even wrangling the majority of his caucus and so i think in order to get something done, anything done, to make sure that taxes don't increase on middle class americans, to make sure that the spending cuts don't start immediately, a lot of lawmakers are leary of them
to the cover of this magazine -- it has a list of losers, john boehner, harry reid, barack obama. it's a list of winners is blank. how does john boehner come out looking after what happened over the past four weeks? guest: it is hard to see anything positive. he took on the negotiants for the republicans. he failed to get his own house to come along. plan b, clancy, -- plan c, and now he is seated negotiants to harry reid. -- negotiations to harry reid. it is certainly possible that he may have trouble getting reelected as speaker. he may get 20 or so to party boats to vote against them or not vote at all. i could stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unempl
? basically the ball is in the senate's court? >> all you have to do is look at what harry reid, the leader of the senate has been saying from day one. every time that speaker boehner put forth a common-sense plan to fix this problem, harry reid would say, right off the bat it is doa, dead on arrival. not one thing that speaker boehner proposed that reid said, oh, we can work with that. it's about scoring political points. the american people are tired of all of us, i understand that. we just make used car salesmen look good. that's the only group is below us. but we've got to get our act together, and prove to the american people that we can regain the trust that they once had in us and get the job done. and as you say, not kick the can down the road. they want to us work this out. i hope we do. >> let's talk about something a little more bright. the former marine stuck in mexico. if you don't know the story, he was basically trying to go on a surfing trip. an old winnebago and a bunch of surf boards and some sort of antique, torn apart gun that he wanted to use to hunt rabbits and birds.
, the president, harry reid and over in the senate, the real answer in this is looking big, looking bold, and coming up with something that is a compromise that everyone can be proud of. >>9 mr. messer, we have about 10 minutes left. >> how involved are newly elected lawmakers in what is going on right now? the house republicans have been holding conference calls. are you guys on those calls? do you not get anything until january 3 when you are sworn in? >> it varies. we're not on every one of those caucus conference calls. we have been briefed on many of the policy proposals. we are being kept abreast. it is not quite yet like be a member of congress. -- being a member of congress. >> obviously, the fiscal cliff discussions are centered around taxes and spending. we have a lot of other unfinished business in this congress. call me perhaps cynical and realistic, but i am sure will be planted into the 113th congress -- punted into the 113th congress. one of them is the farm bill. there is a threat that their prices could as much as double. you come from a part of indiana that is very dive
democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek says lawmakers know what's at stake if we passed the deadline with no deal. >>, chris can peddle their way back the economy may not be able to withstand the pressure, it's too fragile so i really believe that members of congress will actually put the needs and the welfare of the country ahead of their own political future. >> we had a significant murder rate here in chicago the 500th person was killed last night
christmas short. harry reid and democrats expected to lay the groundwork for yet another plan to avoid the looming tax increases and spending cuts. old man winter wiping out the holidays for many people in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to r
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
, it started this weekend when mitch mcconnell was dealing with his democratic counterpart harry reid and he felt like at one point saturday and sunday that he was not getting a real fair deal out of the majority leader. he felt like perhaps that the democrat was slow walking him toward the fiscal cliff and maybe that he wasn't going to get the kinds of concessions that he hoped to out of the senate majority leader. and so he called joe biden and those guys have a history. they helped cut a debt deal in 2011 and they helped stepped the payroll tax cut that you were just talking about back in 2010. and he was able to start negotiations with the white house. joe biden had been sidelined by president obama for most of these talks. and he was able to kind of get things going and get a better deal out of the white house than he was going to be able to out of senate democrats. >> tell me about the division between the republicans. boehner voted for the bill, cantor did not. are we seeing a fundamental split in the leadership? >> that was a very interesting vote to watch and i think part of what th
. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there is still john boehner and the house republicans. i'm not modestly optimistic. anything through the hou
the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting so many middle class families, and preventing a mbg scheduled drop-off in thdicare reimbursement rates for doctors at the start of the enar. eyre in hawaii, the president has had a low-key christmas with family and friends, but he will omoreaving this state as early as tomorrow to head back to grshington d.c. to put pressure on congress to pass that democratic plan. jim? >> any indications, nancy, where thewhether the
. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of coming together and everyone being united. >> reporter: now a new problem making the fiscal cliff talks even
connle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's wha
possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off at $250,000. we will see if that ultimately is what senate majority leader reid rolls out. as of this point in time, we're expecting this to be a limited measure to deal just really with the fiscal cliff, which was supposed to be appear incentive to deal with the long-term fiscal health of the country. not part of this, obviously looking at a big package. >> can you do this even if everything goes right? getting through the two houses. i don't think the house is anywhere near -- they couldn't get a million collars for the cap of the tax rates expiring. so what is the position of the white house aides and the people are you talking to there in terms much getting a deal done? >> well, the difference would be, and when you remember plan "b" failed. it failed to garner enough support amo
leader harry reid. >> everybody should hang loose. because we -- something may break and we'll be able to get something done. >> reporter: the top republican in the senate made clear he wanted to shake up the talks by changing players. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: mcconnell called on joe biden, who spent decades in the senate. and the vice president headed to the white house sunday. >> the vice president and i worked together on solutions before and i believe we can again. >> reporter: behind closed doors and working the phones, biden is described as democrats as playing the good cop as reid was more bad cop. >> there's still significant difference between the two sides but the discussions continue. >> reporter: it came not long after the president appeared on the "meet the press" and called out mcconnell and boehner on tax hikes. >> i think it's been very hard for speaker boehner and mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall package. >> reporte
talking to the white house. the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective broadly, they've been let down time and again by speaker boehner. they've never been able to reach a deal with speaker boehner. and now with this news that the house is going to be breaking for the evening, it does look like that might happen again. now, there's one reason, wolf, why they are filling this package with measures that could appeal to democrats, not just, as you mentioned, increasing, letting taxes for the highest income earners go to clinton rates. also extending unemployment benefits. but also it includes tuition credits and tax credits for kids because these are designed to woo dem
leads are harry reid on mitch mcconnell to work out a deal on then present it to the house. he also laid out a scaled down mini deal if they are can't manage it. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, i asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment is still available for 2 million people on that lays the groundwork for additional deficit reduction on economic growth steps that we can take in the new year but let's not miss this deadline. >> as for the two senate leaders, they spoke shortly after the meeting on sounded a bit more hopeful than the president. >> i think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it's a very serious meeting on it took an extended period of time, as you all know waiting for us. >> mr. president, i would just add -- i share the view of the majority leader, we had a good meeting down at the white house. we are engaged in discussion,
automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans, if there are enough democrats, it can pass in the house. that's really been the problem. the speaker wants to bring a bill and get the majority. >> jack, let me ask you, one of the complaints we've heard is that speaker boehner has a policy he does not b
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
connell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to support yet until i see it. the previous congressman you had on, raul, interesting enough, his office is right next to mine in longworth. the fact of the matter is we're going to have to find a place to come together. that the president has offered a 7% solution for a 100% problem. i was struck by the fact that not a single democrat supported speaker boehner's plan "b" when that was actually nancy pelosi's solution which was to raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan "b." it was not successful. hastert had some unkind words saying i don't want to be critical of john, but you don't ever bring something to the floor if you don't have the votes. so congressman, did the speaker miscalculate and do you think he'll be challenged for the speakership when the new congress
, there's a growing debate out there over whether top senate democrat leader harry reid will even have a plan-c to avoid the oncoming fiscal cliff and whether either side is ready to compromise, find some common ground, to keep our paychecks from shrinking as well. peter barnes is fox business network's senior washington correspondent. and he joins us now. peter, what does all this mean specifically for our taxes? >> well, kelly, it means that on january 1st the nation faces about a $5 trillion tax increase over ten years through the expiration of the bush tax cuts and assuming that congress does not approve its annual patch for the so-called alternative minimum tax and the medicare doc fix that prevents deep cuts in medicare payments. the lapse of the bush tax cuts means top rate would revert to 39.6% from the 5% now but it would go up for lowest income earners. reverting from lowest rate to 15% from 10% now. for investors, capital gains rates would revert from 20% to 15% now. depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. but, if you'r
, the word we're getting is that harry reid is going to pass an extension of the bush tax cuts for anybody under 250,000, extend unemployment benefits for two million folks. um, now, if that happens, it goes to the house, and the house will probably have to put it up. aren't republicans, your party, going to wish that they had passed plan b? >> absolutely, gregg. look, plan b really should have been our plan a, number one. number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't work, the president's going to have egg on his face, right? >> no, not at all. gregg: come on. >> the president has come back with a compromise. the people that have egg on their face
. the question is, who? the president met with senate majority leader harry reid before going to hawaii and his offer was to extend the tax cuts for incomes under $250,000, extend unemployment insurance benefits, and the lady across -- and then delay the across the board automatic cuts that are supposed to start january 1. that seems to be a non starter with republicans. it's hard to see where we go from here. host: have they been talking over the christmas break at all? also, one has been the role of -- what has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really working that significantly on something. i think there was probably some minimal conversation, but not a lot. as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in
they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for even a scaled back measure, which the president laid out in general on friday, would just be to keep americans' taxes where they are for those making $250,000 or less. and to do a couple of other things, unemployment benefits, maybe, maybe extend the estate tax cut, which is -- which is also going to run out, but, again, they're not even -- the senator won't even consider doing this, i'm told, unless he's sure they'll get through the senate and the house because politically they don't think there is any reason for congress to take votes that are just going to fail. also, they that i it will be bad for the markets, even worse for the markets to have failed votes and then go off the fiscal cliff. >> so the idea that john boehner is even having this conference call, discussing the possibility of bringing the house back into order, is that an indication that he's optimistic that there will be something that he could get a few minority
that harry reid looked like an angry father-in-law, who kept coming to the floor, nursing a grudge all year long. this is not looking good, obviously. they're meeting at the white house, all four congressional leaders with the president. but, josh, this is the first meeting that they've had in six weeks. some might think this would have been -- we're about four days away. >> perhaps. >> every day, having meetings. it's been since november 16th. >> 96 hours away now. can we expect any reasonable breakthrough here? >> here's what could happen. and i will give this about a 3% to 5% chance of happening. you could have a small deal that would at least prevent these tax increases from going into effect for most people. that's what the president is going to try to push with congressional leadership. i wouldn't put a lot of hope in that. >> does the president offer his own bill in this meeting? >> and this is interesting. there were some reports the president was going to present his own plan to come to congress to do. he is not going to do that. he has offered the principle. he wants to make sure
and i think that sometimes happened. the speaker showed leadership in a time in which harry reid went home and went to bed and left it to the vice president. at least speaker boehner was always straight, honest with us and allowed the regular process to occur, gave us all the opportunities. i don't think last night is going to go down in history as anything other than an opportunity missed. >> juliet: i just have to throw one more thing in there about sandy and what happened last night. there are a lot of people from both sides of the aisle that disagree on what happened there. your colleagues, peter king, for instance, michael grim, are very upset with that. they're on the floor last night absolutely appalled by what happened. what do you have to say to people who live in this area who cannot go back who have lost everything, who don't understand the finer points of these bills and what happened there, except they understand that they're not going to be getting any money any time soon? >> i think i'll say to you as a new yorker, obviously a concerned new yorker, your two senators pac
americans to do that need their disability checks and health care must around with by president obama, harry reid, and john boehner. host: here is a twitter message. a lead story in "the washington post." janesville, wisconsin, independent. good morning. what is your level of optimism? caller: i am not very optimistic they will get anything done. i am not optimistic that will find a job. host: what kind of work are you looking for? caller: anything. i cannot even get hired at a retail store because i do not have experience. i have the manufacturing all of my life. i lost my job in 2008. i have updated my skills, and still, no calls. host: when you look at people in washington and what they are dealing with, what goes through your mind? caller: i think they are out of touch with the people. i think the unemployment rate is a lot higher than the what they say it is. host: thank you for calling. steve is calling from troy, michigan. caller: there has been a lot of misrepresentation of the fax. i am not very optimistic for the future of our country. -- misrepresentation of the f acts. taxes will
Search Results 0 to 34 of about 35 (some duplicates have been removed)